Peerless Hotels unveils ambitious expansion plan amidst hospitality resurgence
Author : PNT Bureau
Peerless Hotels is set for a transformative journey, planning to double its room capacity in the next five years. Following the successful upgrade of the Peerless Kolkata property, the company eyes expansion through acquisitions or management contracts. With a focus on internal consolidation first, the 30-year-old company aims to rejuvenate existing properties over a two-year period. Collaborative ventures with partners are on the horizon to broaden market reach. Amid a post-Covid recovery and rebranding all city hotels as Peerless Hotels, the company anticipates a record-breaking fiscal year, with significant revenue growth underlining its success....
Bhutani Infra's Avenue 133 sets a new standard in Noida’s retail real estate landscape
Author : PNT Bureau
Bhutani Infra's Avenue 133, the cutting-edge high-street mall in Noida Sector 133, has made history in the local real estate scene by selling all its retail spaces within a remarkable 12 hours of its grand launch. Situated strategically along the Noida-Greater Noida Expressway, Avenue 133 offers a mix of retail shops, wellness centres, office spaces, and a vibrant food court, aiming to be the longest high-street commercial project in Delhi NCR. With metro connectivity, modern facilities, and a diverse range of brands, its swift success reflects trust in Bhutani Infra's commitment to quality, innovation, and environmental responsibility....
Oyo's revives self-operated hotels with 200 premium 'Managed by Oyo' properties
Author : PNT Bureau
Oyo has revived its self-operated hotels, now labelled 'Managed by Oyo,' seeking partnerships with real estate developers for 200 premium hotels across Indian metros. After closing its self-operated model in 2020, Oyo is re-entering the space, emphasizing a revenue-sharing basis for long-term management contracts. During the pilot phase, 30 realtors partnered, initiating operations in over 35 hotels across key cities. The program targets high-traffic metros and major tourist destinations, focusing on premium offerings like Townhouse. Oyo aims to create a mutually beneficial scenario for landlords, operators, and travellers, and hints at a potential increase beyond the initial 200 hotels....
Expansion plans unveiled by Breach Candy Hospital and Jaslok Hospital in Mumbai
Author : PNT Bureau
Breach Candy and Jaslok hospitals in Mumbai are undergoing substantial expansions to meet rising patient demands. Breach Candy plans to operate from a new 11-storey building with upgraded facilities like ICUs, outpatient departments, and isolation wards, costing around Rs300 crores. Jaslok is reorganizing spaces for better patient movement, adding annexes with specialized units like ICUs and dialysis. Both hospitals aim to optimize functionality, improve fire safety, and create separate parking facilities. These initiatives reflect their commitment to evolving healthcare needs while ensuring top-notch care for patients in South Mumbai....
Wyndham Hotels & Resorts is set to launch its European brand, Vienna House, in India by mid-next year, aiming for 100 hotels in the country by 2025. The move seeks to attract foreign tourists bound for India, leveraging the Wyndham Rewards program. The company, with over 5,333 operational rooms and 35 hotels under development in India, emphasises tier two and tier three cities for broader distribution. The strategy aligns with infrastructure development, focusing on religious and wellness tourism, including strategic locations at pilgrimage sites, highlighting a multifaceted approach for sustainable growth over the next five years....
Sarovar's Grand Expansion Plans: 70 new hotels, 5,000 rooms, and 6,000 jobs in 5 years
Author : PNT Bureau
Sarovar Hotels & Resorts is embarking on a bold expansion plan, aiming to launch 70 new hotels across India and key international markets within the next five years, contributing around 5,000 rooms to its portfolio. With a current total of 105 hotels and approximately 7,500 keys, the hotel chain has already inaugurated properties in various Indian cities this year. Sarovar's strategic growth includes international ventures in Africa and Nepal, showcasing its commitment to catering to the escalating demand in the hospitality sector. The company plans to hire 6,000 employees to support this ambitious expansion, reinforcing its position in the competitive hotel industry....
Fortune Hotels expands its footprint in South India with the launch of Fortune Park Tiruppur
Author : PNT Bureau
Fortune Hotels has entered southern India's textile powerhouse Tiruppur. The all-new Fortune Park Tiruppur, strategically nestled in the heart of the knitwear hub, is Fortune’s sixth in Tamil Nadu, amplifying the brand's presence in the region. The hotel epitomizes modern luxury, offering stylish rooms, eclectic dining experiences, and rejuvenating wellness facilities. Managed by KPK Hotels Private Limited, this alliance bridges Fortune's luxury hospitality with KPK's regional expertise. Fortune had recently unveiled two hotels in Tamil Nadu, and another one in Aligarh, Uttar Pradesh, as part of its expansion spree....
Delhi's Khan Market shines as India’s priciest retail destination with a 3 percent YoY growth
Author : PNT Bureau
Khan Market in Delhi has been identified by real estate consultancy firm Cushman & Wakefield as India's priciest retail market, ranking 22nd globally among top main street markets. Despite a minor slip in global standings, the market exhibited a notable 3 percent year-on-year rental growth, maintaining its esteemed position. The report highlights the resilience of Khan Market, showcasing a remarkable 7 percent rental growth from pre-pandemic levels, reaching an annual rent of $217 per square foot. With 16 Indian main streets among the Asia-Pacific region's top 51, the report delves into the evolving dynamics influenced by supply, demand, and premium brands....
Fortune Hotels expands its Southern footprint with two properties in Tamil Nadu
Author : PNT Bureau
Fortune Hotels, an ITC group member, unveiled its latest additions: a brownfield resort in Uthandi, Chennai, and a 100+ room conversion hotel in Hosur, Bangalore. These hotels are set to open in a few months, enhancing Fortune Hotels' portfolio with 64 alliances in 54 Indian cities. Managing Director Mr. Samir MC expressed excitement about the growth potential of the Hosur and Chennai properties. The Fortune Beach Resort ECH Chennai offers aesthetically designed rooms, multiple dining options, banquet facilities, and modern amenities suited for a suitable getaway. Meanwhile, Fortune Hosur, catering to business travellers, is undergoing refurbishment and will feature stylish rooms, dining outlets, a spa, and banquet venues....
Imperial Hotel in Delhi undergoes majestic transformation with royal makeover
Author : PNT Bureau
The Imperial, a historic hotel in the heart of New Delhi, is undergoing a comprehensive refurbishment led by Louis Sailer, the senior executive vice president. Instead of a conventional renovation, the project focuses on preserving the hotel's historical essence while introducing modern amenities. The refurbishment spans accommodations, food and beverage areas, grounds, wellness facilities, and service philosophies. Notable changes include individualized bar menus, a bespoke Imperial boutique showcasing handcrafted items, and technological upgrades in accommodations. The approach reflects a commitment to retaining the hotel's historic charm while providing guests with a unique, culturally immersive experience....
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